Reuters US Business

By Andrea Shalal and David Lawder WASHINGTON (Reuters) -Gita Gopinath, the No. 2 official at the International Monetary Fund, will leave her post at the end of August to return to Harvard University, the IMF said in a statement on Monday. IMF Managing Director Kristalina Georgieva will name a successor to Gopinath in “due course,” …

IMF says No. 2 official, Gopinath, leaving at end-August to return to Harvard Read More »

By Tatiana Bautzer NEW YORK (Reuters) -Citigroup hired Bernal Vargas from JPMorgan Chase to lead its equity capital markets division in North America, according to a memo seen by Reuters on Monday.  Vargas will be based in New York. He was most recently the head of Americas cash equity sales at JPMorgan, according to the …

Citi hires Vargas from JPMorgan to lead equity capital markets in North America Read More »

By Georgina McCartney HOUSTON (Reuters) -Oil prices settled slightly lower on Monday as the latest European sanctions on Russian oil were expected to have minimal impact on supplies, but losses were curbed by investors weighing a potential drop in diesel supplies. Brent crude futures settled down 7 cents, or 0.1%, to $69.21 a barrel. U.S. …

Oil slips as little impact seen from EU sanctions on Russia Read More »

MEXICO CITY (Reuters) -Mexican President Claudia Sheinbaum said on Monday that her government has not yet received formal notification from the U.S. over potential measures against Mexico’s airline sector, adding that she sees no justification for such sanctions. The U.S. Department of Transportation said on Saturday it would take action in response to Mexico’s decision …

Mexico sees no reason for US to impose sanctions on airlines Read More »

(Reuters) -U.S. wireless carrier Verizon raised the lower end of its annual profit forecast, riding on strong demand for its premium plans and benefits from the Trump administration’s new tax law. Shares of the company rose 3.5% on Monday as it also surpassed Wall Street estimates for June-quarter sales and profit, thanks to a 2.2% …

Verizon boosts annual forecast on demand for premium plans, tax law benefit Read More »

By Manya Saini (Reuters) -Crypto custody startup BitGo said on Monday it has confidentially filed for a U.S. listing, joining a wave of companies looking to capitalize on strong market momentum. The crypto sector’s climb to a $4-trillion market value has reignited interest for initial public offerings, with clearer regulation, corporate treasury adoption, and institutional …

BitGo joins crypto IPO rush as sector hits $4 trillion in market value Read More »

(Clarifies data refers to debt not bonds in headline and paragraphs 1-2) By Yoruk Bahceli LONDON (Reuters) -Euro zone debt saw nearly 100 billion euros ($116 billion) of buying from outside the bloc in May, Citi said citing European Central Bank data, the latest sign that euro assets are benefitting from a shift away from …

Foreign investors buy nearly 100 billion euros of euro zone debt in May, Citi says Read More »

By Timothy Aeppel FARMINGDALE, NY (Reuters) -Once a week, executives of D’Addario & Company, a maker of strings and drumsticks for the world’s top musicians, gather at the company’s headquarters about 40 miles east of New York to strategize how they should respond to the President Donald Trump’s trade war between the U.S. and the …

Inside a US guitar string maker’s strategy to navigate the trade war Read More »

By Rajesh Kumar Singh and David Shepardson CHICAGO (Reuters) -Alaska Airlines warned of more flight disruptions on Monday after an unexpected failure of a critical piece of hardware at its data centers late Sunday forced it to halt all flights for about three hours. The Seattle-based airline had canceled 66 or 7% of its scheduled …

Alaska Airlines warns of more flight disruptions after IT outage Read More »